HomeworkLib
Question

A Japanese firm manufactures cars in the US. Assume that each car sells for $20,000 to...

A Japanese firm manufactures cars in the US. Assume that each car sells for $20,000 to a consumer in the US. Also assume that on each car the Japanese manufacturer earns $2000 in profits and remits those to the holding company in Japan. Assume that the car is manufactured with US made parts only. What is the contribution of each car to the US GNP?

$18,000
$20,000
$22,000
$2,000

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
A Japanese firm manufactures cars in the US. Assume that each car sells for $20,000 to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • A Japanese firm manufactures cars in the US. Assume that each car sells for $20,000 to...

    A Japanese firm manufactures cars in the US. Assume that each car sells for $20,000 to a consumer in the US. Also assume that on each car the Japanese manufacturer earns $2000 in profits and remits those to the holding company in Japan. Assume that the car is manufactured with US made parts only. What is the contribution of each car to the US GDP? Question 2 options: $20,000 $18,000 $22,000

  • Assume that a Japanese car manufacturer exports cars to U.S. dealerships, which are priced in yen....

    Assume that a Japanese car manufacturer exports cars to U.S. dealerships, which are priced in yen. The demand for those cars declines when the yen is strong. The manufacturer also produces some cars in the U.S. with U.S. materials and those cars are priced in dollars. The manufacturer could reduce its economic exposure by: pricing its exports in dollars. relying completely on Japanese suppliers for its parts. producing more automobiles in the United States. closing down most of its plants...

  • 3. American and Japanese workers can each produce 4 cars a year. An American worker can...

    3. American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. To keep things simple, assume that each country has 100 million workers. a. Graph the production possibilities frontier of the American and Japanese economies. b. For the US, what is the opportunity cost of a car? Of grain? For Japan, what is the opportunity cost...

  • Rutkey Collectibles is a small toy company that manufactures and sells metal replicas of classic cars....

    Rutkey Collectibles is a small toy company that manufactures and sells metal replicas of classic cars. Each car sells for $40. The cost of each unit follows Materials Labor Variable overhead Fixed overhead ($160,000 per month, 20,000 units per month) Total costs per unit One of Rutkey's regular customers asked the company to fill a special order of 3,000 units at a selling price of $28 per unit. Rutkey's can fill the order using existing capacity without affecting total fixed...

  • Rutkey Collectibles is a small toy company that manufactures and sells metal replicas of classic cars....

    Rutkey Collectibles is a small toy company that manufactures and sells metal replicas of classic cars. Each car sells for $2.95 The cost of each unit follows: Materials $ 0.90 Labor 0.50 Variable overhead 0.30 Fixed overhead ($21,100 per month, 21,100 units per month) 1.00 Total costs per unit $ 2.70 One of Rutkey's regular customers asked the company to fill a special order of 700 units at a selling price of $1.95 per unit. Rutkey's can fill the order...

  • Rutkey Collectibles is a small toy company that manufactures and sells metal replicas of classic cars. Each car sel...

    Rutkey Collectibles is a small toy company that manufactures and sells metal replicas of classic cars. Each car sells for $3.55 The cost of each unit follows: Materials Labor Variable overhead Fixed overhead ($27,625 per month, 22,100 units per month) Total costs per unit $1.10 2.40 8.30 1.25 $3.05 ences One of Rutkey's regular customers asked the company to fill a special order of 600 units at a selling price of $2.30 per unit. Rutkey's can fill the order using...

  • Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to...

    Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available. Costs per unit Star100 Star150 Direct materials $ 130 $ 150 Direct labor 60 80 Variable overhead 30 40 Fixed overhead 180 240 Total cost per unit $ 400 $ 510...

  • Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to...

    Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available. Costs per Unit Star100 Star150 Direct materials $ 62 $ 72 Direct labor 40 50 Variable overhead 20 25 Fixed overhead 87 117 Total cost per unit $ 209 $ 264...

  • Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to...

    Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available. Costs per Unit Star100 Star150 Direct materials $ 58 $ 68 Direct labor 24 30 Variable overhead 10 15 Fixed overhead 83 113 Total cost per unit $ 175 $ 226...

  • Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to...

    Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available: Costs per Unit    Star100    Star150 Direct materials    $ 130 $ 150 Direct labor 60 80 Variable overhead    30 40 Fixed overhead    180 240 Total cost per...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT